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Trump considers firing Fed Governor Lisa Cook over mortgage fraud allegations amid legal battle.

Market News
07 Aug 2026
Fox Business
View Source
Bearish
pluang ai news

President Donald Trump is considering renewing efforts to fire Federal Reserve Governor Lisa Cook based on allegations of mortgage fraud. The White House has requested a response from Cook within 21 days regarding claims that she made false statements on mortgage agreements. This follows a Supreme Court ruling that allowed Cook to remain in her position while legal challenges to her dismissal continue. The situation highlights ongoing tensions over presidential authority to remove independent Fed officials.

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Tron surpasses 400 million accounts, handling over half of all USDT transfers globally.

Tron surpasses 400 million accounts, handling over half of all USDT transfers globally.

Tron has reached a major milestone with over 400 million accounts, doubling in under three years since hitting 200 million in late 2023. The network now processes 51.4% of all circulating USDT, with transfer volumes nearing $30 trillion, driven mainl...

Protocol Fundamentals
Bullish
4 hours ago
Galaxy Digital launches crypto-backed credit line with 8.99% APR, no liquidation needed.

Galaxy Digital launches crypto-backed credit line with 8.99% APR, no liquidation needed.

Galaxy Digital introduced the GalaxyOne Crypto Portfolio Line of Credit, allowing qualified users to borrow USD or USDC against Bitcoin, Ethereum, and Solana holdings without selling their crypto. The service offers an 8.99% annual interest rate, zer...

Market News
Bullish
4 hours ago
Roman Storm's Tornado Cash retrial delayed to April 2027 amid unresolved conviction challenge.

Roman Storm's Tornado Cash retrial delayed to April 2027 amid unresolved conviction challenge.

Roman Storm, co-founder of Tornado Cash, will face a retrial moved from October 2026 to April 26, 2027, after a U.S. judge granted a defense request citing scheduling conflicts and a pending motion to overturn his 2025 conviction for operating an unl...

Market News
Bearish
4 hours ago
LayerZero launches ATLAS, a unified trading and settlement platform, boosting ZRO token over 30%.

LayerZero launches ATLAS, a unified trading and settlement platform, boosting ZRO token over 30%.

LayerZero introduced ATLAS, a comprehensive trading and settlement platform on its Zero blockchain, integrating trade execution, clearing, settlement, and risk management into one system. This launch caused the ZRO token price to surge over 30%, reac...

Protocol Fundamentals
Bullish
4 hours ago
Geely Auto shifts focus overseas with premium models, boosting margins and unit economics despite China challenges.

Geely Auto shifts focus overseas with premium models, boosting margins and unit economics despite China challenges.

Geely Auto is evolving beyond being just a China-focused volume automaker by expanding its presence internationally and moving into premium market segments. This shift is improving the company's pricing power, profit margins, and overall unit economi...

Market News
Bullish
4 hours ago
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